Can I read RCM on Rent-a-Cab Services under GST on EtoBox?

RCM on Rent-a-Cab Services under GST by ashim1 is a document available to read on EtoBox.

What is RCM on Rent-a-Cab Services under GST about?

The GST Council recommended that renting of vehicles from non-corporate entities to corporate entities be subject to reverse charge mechanism. The government issued a notification to amend the RCM notification to include rent-a-cab services provided by individuals and partnerships to corporates under RCM. Now, if a cab operator is non-corporate and charges 5% GST without claiming input tax credit, and the recipient is a corporate, the corporate must pay GST under RCM at 2.5% CGST and 2.5% SGST intra-state o

Author

ashim1

Language

EN